Titan Machinery Inc. (NASDAQ:TITN) Receives $45.33 Average PT from Analysts

Titan Machinery Inc. (NASDAQ:TITN) has been assigned a consensus rating of “Buy” from the four brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $45.33.

TITN has been the subject of a number of research reports. Stephens reiterated an “overweight” rating and set a $42.00 target price on shares of Titan Machinery in a report on Friday, January 12th. TheStreet cut Titan Machinery from a “b-” rating to a “c+” rating in a report on Monday, February 26th.

Titan Machinery Stock Performance

TITN stock opened at $22.63 on Thursday. The business’s fifty day moving average is $24.42 and its 200-day moving average is $25.71. The company has a quick ratio of 0.19, a current ratio of 1.32 and a debt-to-equity ratio of 0.16. The company has a market cap of $516.39 million, a P/E ratio of 4.58 and a beta of 1.41. Titan Machinery has a twelve month low of $21.44 and a twelve month high of $35.88.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, March 21st. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The company had revenue of $852.10 million for the quarter, compared to the consensus estimate of $734.99 million. Titan Machinery had a return on equity of 18.40% and a net margin of 4.08%. The firm’s quarterly revenue was up 46.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 EPS. Equities research analysts forecast that Titan Machinery will post 3.35 EPS for the current year.

Hedge Funds Weigh In On Titan Machinery

Hedge funds have recently modified their holdings of the stock. Voss Capital LLC lifted its position in Titan Machinery by 11.5% during the fourth quarter. Voss Capital LLC now owns 175,000 shares of the company’s stock worth $5,054,000 after acquiring an additional 18,017 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Titan Machinery by 52.6% during the third quarter. Gamco Investors INC. ET AL now owns 101,500 shares of the company’s stock worth $2,698,000 after acquiring an additional 35,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Titan Machinery by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,292 shares of the company’s stock worth $7,929,000 after acquiring an additional 17,790 shares during the last quarter. American Century Companies Inc. lifted its position in Titan Machinery by 241.0% during the third quarter. American Century Companies Inc. now owns 721,521 shares of the company’s stock worth $19,178,000 after acquiring an additional 509,919 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in Titan Machinery during the fourth quarter worth approximately $87,000. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.